Brandon's furniture store buys a sofa at a wholesale price of $97.00. If the markup rate at Brandon's Furniture store is 40%, what is the markup for the sofa?

To calculate the markup for the sofa, you need to multiply the wholesale price by the markup rate.

Markup = Wholesale price x Markup rate

Markup = $97.00 x 40%

Since the markup rate is 40%, we can express it as 0.40.

Markup = $97.00 x 0.40

Markup = $38.80

Therefore, the markup for the sofa is $38.80.

To find the markup for the sofa, we first need to determine the markup amount based on the given markup rate.

Markup rate can be calculated using the formula:
Markup rate = Markup amount / Cost price

Since the markup rate is given as 40%, we can set up the equation as:
0.4 = Markup amount / $97

To solve for the markup amount, we rearrange the equation:
Markup amount = Markup rate * Cost price
Markup amount = 0.4 * $97

Calculating this, we find that the markup amount for the sofa is $38.80.

97 * .40 = ?

388.5